Business for Sale

Exclusive Function Venue & Club Extremely Profitable for Sale

business for sale T This outstanding business is situated in the hub of South Africa most recognized business and residential suburb. With a high income residential and corporate population, many interest and other attractions nearby that drive constant traffic to the area. The venue and bar are ideally situated in the centre of northern sub of jhb,business entrance on the ground floor, second floor and outside attractive patio also part of the business. Three floors car parking is attached directly to the centre. The New Market Bar is laid out in a modern stylish manner and is tastefully decorated and furnished. The venue has an attractive timber floor, pool area and furnishings include couches, bar tables and intimate seating areas. The venue is serviced by a quality bar counter with a good service area behind and there are ladies, gent’s toilet facilities. All financial are available and shall be shared with a financially qualified purchaser/s. Contact ADEL 086908756 to discuss how we may assist you in arranging all necessary financials and other necessary license and documents

Business Details

Asked Price R 32,000,000
Location Johannesburg | Gauteng | Northern Suburb
Business Type Function Venue
Reason for SellingOwner has other interest
Year Established2004
Number of Employees 60
Monthly TurnoverR 7,000,000
Monthly Net Profit R 1,500,000
Monthly Payroll Expense R 1,800,000
Movable Assets Value R 3,000,000
Stock Value R 750,000
Owner Oporated Business No
This is a Frenchise BusinessNo
Property Included in The Sale No
Seller Will Assist / Train buyerYes
Business is ProfitableYes
Size 1400 M2
Lease Term 5 Years
Monthly Rental R 300,000
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Business Partners South Africa
The Franchise Association South Africa
National Employment Fund
Industrial Development Corporation